Old National Bancorp Cut Pepsico (PEP) Stake By $472,549; Mendon Capital Advisors Lowered Its Wells Fargo Co New (Put) (WFC) Position

April 24, 2018 - By Maria Brooks

PepsiCo, Inc. (NASDAQ:PEP) Logo

Mendon Capital Advisors Corp decreased Wells Fargo Co New (Put) (WFC) stake by 68.23% reported in 2017Q4 SEC filing. Mendon Capital Advisors Corp sold 131,000 shares as Wells Fargo Co New (Put) (WFC)’s stock declined 16.98%. The Mendon Capital Advisors Corp holds 61,000 shares with $3.70M value, down from 192,000 last quarter. Wells Fargo Co New (Put) now has $258.36B valuation. The stock increased 0.76% or $0.4 during the last trading session, reaching $53.01. About 611,451 shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 24, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Old National Bancorp decreased Pepsico Inc (PEP) stake by 5.1% reported in 2017Q4 SEC filing. Old National Bancorp sold 3,971 shares as Pepsico Inc (PEP)’s stock declined 9.24%. The Old National Bancorp holds 73,896 shares with $8.86 million value, down from 77,867 last quarter. Pepsico Inc now has $145.24B valuation. The stock decreased 0.25% or $0.26 during the last trading session, reaching $102.32. About 274,827 shares traded. PepsiCo, Inc. (NYSE:PEP) has declined 3.75% since April 24, 2017 and is downtrending. It has underperformed by 15.30% the S&P500.

Among 22 analysts covering PepsiCo (NYSE:PEP), 8 have Buy rating, 1 Sell and 13 Hold. Therefore 36% are positive. PepsiCo had 68 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, February 14, the company rating was maintained by JP Morgan. The stock of PepsiCo, Inc. (NASDAQ:PEP) earned “Hold” rating by Jefferies on Thursday, January 4. On Wednesday, February 14 the stock rating was downgraded by Evercore to “In-Line”. The stock of PepsiCo, Inc. (NASDAQ:PEP) has “Buy” rating given on Friday, April 28 by BMO Capital Markets. On Thursday, July 6 the stock rating was maintained by Jefferies with “Buy”. The firm has “Positive” rating by Susquehanna given on Wednesday, April 12. The firm has “Hold” rating given on Thursday, February 1 by Credit Suisse. Susquehanna maintained it with “Buy” rating and $13300 target in Thursday, July 6 report. RBC Capital Markets maintained the shares of PEP in report on Friday, May 26 with “Hold” rating. As per Friday, April 28, the company rating was maintained by Credit Suisse.

Old National Bancorp increased Valero Energy Corp New (NYSE:VLO) stake by 4,276 shares to 49,921 valued at $4.59 million in 2017Q4. It also upped Select Sector Spdr Tr (XLF) stake by 20,021 shares and now owns 1.26M shares. Dexcom Inc (NASDAQ:DXCM) was raised too.

Analysts await PepsiCo, Inc. (NASDAQ:PEP) to report earnings on April, 26 before the open. They expect $0.92 earnings per share, down 2.13% or $0.02 from last year’s $0.94 per share. PEP’s profit will be $1.31B for 27.80 P/E if the $0.92 EPS becomes a reality. After $1.31 actual earnings per share reported by PepsiCo, Inc. for the previous quarter, Wall Street now forecasts -29.77% negative EPS growth.

Investors sentiment decreased to 0.86 in Q4 2017. Its down 0.08, from 0.94 in 2017Q3. It dived, as 63 investors sold PEP shares while 712 reduced holdings. 122 funds opened positions while 542 raised stakes. 958.76 million shares or 0.63% less from 964.87 million shares in 2017Q3 were reported. Scholtz & Com Lc has 4,050 shares for 0.35% of their portfolio. Commerzbank Aktiengesellschaft Fi owns 227,786 shares. Finance Architects reported 26,258 shares. Dynamic Advsr Solutions Ltd, a Arizona-based fund reported 3,466 shares. Community Trust & Invest Commerce has invested 1.58% in PepsiCo, Inc. (NASDAQ:PEP). Trexquant Invest Limited Partnership holds 0.56% or 42,523 shares. Dixon Hubard Feinour Brown Va holds 27,973 shares. Pub Employees Retirement Systems Of Ohio has 1.02M shares. Churchill Mgmt Corporation reported 56,326 shares. City Holdg has 0.92% invested in PepsiCo, Inc. (NASDAQ:PEP). Ami Inv Mgmt reported 22,752 shares. Mogy Joel R Inv Counsel accumulated 128,633 shares or 2.41% of the stock. Lakeview Capital Prtn Ltd reported 7,509 shares or 0.66% of all its holdings. Klingenstein Fields & Co Ltd Co holds 1.22M shares or 5.4% of its portfolio. Moreover, Haverford Trust Communications has 2.3% invested in PepsiCo, Inc. (NASDAQ:PEP) for 976,508 shares.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 145 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Friday, July 14 with “Sell”. The firm has “Neutral” rating by UBS given on Monday, October 10. Wood downgraded the shares of WFC in report on Monday, February 5 to “Market Perform” rating. Credit Suisse downgraded the shares of WFC in report on Thursday, February 16 to “Neutral” rating. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, September 20. The rating was upgraded by Citigroup on Thursday, January 7 to “Buy”. The firm earned “Overweight” rating on Monday, July 18 by Barclays Capital. On Wednesday, May 31 the stock rating was maintained by BMO Capital Markets with “Sell”. The stock of Wells Fargo & Company (NYSE:WFC) has “Hold” rating given on Monday, February 5 by Citigroup. The firm earned “Underweight” rating on Friday, April 15 by Piper Jaffray.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. Avenir Corporation invested in 53,604 shares. Reinhart Prtnrs reported 0.06% stake. Van Den Berg I Incorporated stated it has 565,301 shares or 3.86% of all its holdings. Hl Services Limited holds 2.16 million shares or 2.54% of its portfolio. Moreno Evelyn V holds 124,625 shares. Amp Capital Ltd reported 0.88% in Wells Fargo & Company (NYSE:WFC). Field And Main Comml Bank stated it has 1.01% of its portfolio in Wells Fargo & Company (NYSE:WFC). Thornburg Inv Management Inc, New Mexico-based fund reported 35,490 shares. Laurel Grove Cap Ltd Liability Co stated it has 0.62% in Wells Fargo & Company (NYSE:WFC). Vigilant Cap Ltd Com owns 4,026 shares for 0.03% of their portfolio. Personal Capital Advsrs accumulated 0.61% or 586,318 shares. Moreover, Da Davidson & has 0.42% invested in Wells Fargo & Company (NYSE:WFC). Services Automobile Association reported 0.41% stake. 934,073 were accumulated by Macquarie Gp Limited. First Bankshares Sioux Falls stated it has 11,488 shares.

Since November 17, 2017, it had 0 buys, and 1 insider sale for $292,234 activity. Codel Franklin R also sold $292,234 worth of Wells Fargo & Company (NYSE:WFC) shares.

Mendon Capital Advisors Corp increased Civista Bancshares Inc stake by 35,545 shares to 57,405 valued at $1.26M in 2017Q4. It also upped First Bancorp N C (NASDAQ:FBNC) stake by 152,179 shares and now owns 918,654 shares. Ameris Bancorp (NASDAQ:ABCB) was raised too.

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on July, 13. They expect $1.17 earnings per share, up 9.35% or $0.10 from last year’s $1.07 per share. WFC’s profit will be $5.70B for 11.33 P/E if the $1.17 EPS becomes a reality. After $1.12 actual earnings per share reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 4.46% EPS growth.

PepsiCo, Inc. (NASDAQ:PEP) Institutional Positions Chart

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By1 Maria Brooks

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